Halal Packaging Market Size, Share & Trends Analysis Report By Type (Rigid, Flexible), By Product, By End-use (Pharmaceutical, Food & Beverage, Cosmetics, Modest Fashion), By Region, And Segment Forecasts, 2023 - 2030

Halal Packaging Market Size, Share & Trends Analysis Report By Type (Rigid, Flexible), By Product, By End-use (Pharmaceutical, Food & Beverage, Cosmetics, Modest Fashion), By Region, And Segment Forecasts, 2023 - 2030

Halal Packaging Market Growth & Trends

The global halal packaging market size is expected to reach USD 437.89 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% over the forecast period 2023 - 2030. This is attributed to the growing Muslim population and presence of several regulatory bodies contributing to the growth of halal-certified packaging market.

Halal packaging, which ensures products are free from ingredients and adhere to animal-cruelty free and specific ethical standards, contributes to the rising demand for halal packaging in the market. The presence of regulatory bodies such as the Saudi Food and Drug Authority (SFDA) and Islamic Religious Council of Singapore (MUIS) focusing on halal-certified packaging plays a crucial role in shaping the halal packaging market. These organizations establish guidelines and standards for halal certification, ensuring that packaging materials and processes meet the necessary requirements. By providing certification and oversight, these regulatory bodies instill confidence in consumers and enable manufacturers to cater to the growing demand for halal-certified packaging.

The industry players are adopting several strategies including partnerships, new product launch, expansions, mergers and acquisitions, joint ventures, and partnership agreements to increase the customer base and individual market share. For instance, in May 2023, Albéa Services S.A.S. announced the launch of a refillable jar under the brand name Twirl to meet the growing consumer demand for halal cosmetic packaging solutions.

Halal Packaging Market Report Highlights

• The growing consumer awareness regarding the benefits of halal products and its ethical considerations are driving the market demand for halal packaging market across the globe
• Obtaining halal certification for packaging can involve a rigorous process that requires compliance with specific guidelines and regulations varying from country-to-country which restraints the market growth to a certain extent
• The bottles and jars segment recorded a higher market share in 2022 owing to the ability to prevent contamination and maintaining the halal integrity of the enclosed products. They are manufactured using processes that ensure cleanliness and hygiene, minimizing the risk of cross-contamination with non-halal substances
• The food and beverage segment dominated the end-use segment in 2022 owing to its high demand across different regions driven by the perception of higher standards of hygiene, quality, and ethical sourcing associated with halal-certified products and their packaging
• Asia Pacific accounted for a significant share due to the high demand for halal packaging solutions from various end-use industries such as cosmetic, pharmaceutical, and food and beverage in Malaysia, Indonesia, and other countries
• Several key companies are collaborating and adopting acquisition and product portfolio expansions strategies to strengthen their market positions in the halal packaging market. For instance, in February 2023, Rootree announced an expansion in its pouches product portfolio range with the launch of pillow pouches for single-use and on-the-go snack products

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